Sign up for our latest news

Industry News

Bankers is pleased to offer periodic updates on developments in the marketplace that might impact the market and outlook for cobalt.

The precious metal sparking a new gold rush – BBC News

Gold once lured prospectors to the American west – but now it’s cobalt that is sparking a rush.

Date: July 26, 2018.

Cobalt Conundrum

The timing and magnitude of EV adoption may well be determined by the availability and cost of a key battery metal which goes into all modern smartphones and all premium electric vehicles, cobalt. Of all the battery metal inputs, none is more problematic to EV adoption than cobalt.

Date: July 3, 2018.

DRC miners hopeful new code issues can be resolved

Miners operating in the Democratic Republic of Congo (DRC) said Monday they were hopeful their current talks with civil society, a member of the mining code revision tri-partite group and other key interested groups, would help iron out issues that need to be dealt with before the country’s new mining code is implemented.

Date: April 23, 2018.

Samsung SDI Can’t Skirt Cobalt’s Crunchs

Demand is rising much faster than supply, used mobile phones or none.

Date: February 13, 2018.

Cobalt cannot be eradicated from electric car batteries – Umicore

Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday.

Date: February 12, 2018.

Soaring cobalt prices force Samsung SDI to mine metal from old phones

Samsung SDI, South Korea’s leading battery maker, has unveiled plans to recycle cobalt from used mobile phones and develop lithium-ion batteries with minimum content of the metal, or no cobalt at all, as a way to offset soaring prices for the silver-grey commodity.

Date: February 12, 2018.

BMW mining deals imminent as cobalt price powers on – report

Copper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017.

Date: February 9, 2018.

Apple’s iPhone Battery Replacement Could Consume Enough Cobalt To Make 26% Of EVs Sold In 2017

Based on an average of 10 grams of cobalt, a key element in iPhone lithium ion batteries, the 650 million iPhones corresponds to 26% of all EVs sold in 2017

Date: January 18, 2018.

Cobalt mining: Dark side of the electric car revolution

Electric cars are causing a boom in cobalt mining, but most of the resource is mined in dangerous conditions in the DRC.

Date: December 24, 2017.

BMW throws fuel on cobalt price fire: ‘we’ll need 10x as much’

On Friday luxury vehicle maker BMW said its needs for car-battery raw materials such as cobalt and lithium will grow 10-fold by 2025. Markus Duesmann, purchasing executive for the German marque, said the company is close to signing five and 10-year supply contracts.

Date: December 15, 2017.

Apple And Samsung Top Amnesty International Sustainable Cobalt Supply Chain Report

NGO Amnesty International has praised Apple and Samsung for their engaged approach to managing cobalt in the supply chain in a recent study.

Date: November 30, 2017.

Automakers pledge ethical minerals sourcing for electric cars

Leading carmakers including Volkswagen and Toyota pledged on Wednesday to uphold ethical and socially responsible standards in their purchases of minerals for an expected boom in electric vehicle production.

Date: November 29, 2017.

BMW Joins Race to Secure Cobalt for Electric-Vehicle Batteries

With one eye on accelerating demand for electric vehicles, BMW AG said it’s talking to suppliers of cobalt and other battery materials amid fears that stocks will run short and push already inflated prices higher.

Date: November 24, 2017.

VW Hunts for Critical Element Needed in Electric Cars

Volkswagen AG is stepping up its hunt for long-term supplies of battery metals it will need to help power electric cars across its entire range.

Date: November 23, 2017.

LME launches probe on cobalt suppliers over fears of child exploitation

The London Metal Exchange (LME), the world’s biggest market for industrial metals, has launched a probe into whether cobalt mined by child labour is trading on the exchange, following several reports indicating that minors are being exploited to extract the coveted mineral.

Date: November 22, 2017.

2022: Mercedes-Benz to offer electric versions of all its cars

Mercedes-Benz is announcing today that it will offer electric versions of all its models by 2022. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Melody Hahm debate what this means for the automotive industry as a whole.

Date: September 11, 2017.

Electric-Car Revolution Shakes Up the Biggest Metals Markets

The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets.

Date: August 2, 2017.